All posts tagged: inflation

Capitalist Economic Managers Have No Way to Rescue Pakistan from Economic Crisis

As the rupee continues to plummet in value, sparking huge inflation, doubts and fears are mounting over the country’s economic health, particularly its ability to pay the import bill, for essential items, in the coming weeks. There has been a steep decline in the central bank’s foreign exchange reserves, which have shrunk to a near […]

Pay Rises Will Not Draw the Curtain over the Oppression of the Capitalist System!

Türkiye: Inflation figures for December, which concern millions of working civil servants and retired civil servants, have been announced. The rate of increase in salary of civil servants and retired civil servants has been announced. Civil servants and retired civil servant retirees will get a raise of 16,47 percent. President Erdogan updated the 2023 rate […]

Egypt’s Economic Crisis is, in fact, a Systemic Crisis It is the Root of the Disease and the Source of Affliction

Extreme poverty, disguised unemployment, political and economic chaos, outrageous wealth for a few at the expense of the majority of people, an unprecedented drop in the value of the pound against foreign currencies, eating up people’s savings, a strong decline in the standard of living, a steady increase in public debt, an unprecedented rise in […]

Government is stealing the Hard-Earned Savings of the People by Printing Fresh Money without Real Asset backing; Only the Khilafah State’s Bimetallic Standard (Gold and Silver) can end Capitalism’s Monetary Hegemony

Bangladesh Bank created fresh money of more than Taka 500 billion in the July-December period in the name of budget support, the highest in recent history (The Business Standard, January 03, 2023), to compensate the money looted from the banks by the Capitalists elites. The default loans of the commercial banks have already reached Taka […]

Rumours of a Technocrat Setup Prove the Current System Has No Solutions to Problems. It is Time for a New Politics and a New State, through the Re-Establishment of the Khilafah (Caliphate)

Hoping to solve economic problems, through a technocratic setup, is a fool’s dream. Throughout Pakistan’s history, the economy has already been run by technocrats, imported from the IMF, World Bank and other Western, economic, and colonialist institutions. Even today, the people who are being nominated for the technocrat setup have already been tried and tested. […]

Federal Shariat Court’s Interest Prohibition: A Fig Leaf for Capitalism’s Ugly Side

The Question On 28th April this year, the Federal Shariat Court (FSC) once again declared that riba (banking interest) was prohibited according to the injunctions of Islam and so it should be eliminated from the country within five years. The ruling established two clear sides; Islamists that became jubilant as they see this as a […]

Loans will Not Fix What Capitalism Has Ruined! How can Egypt Survive the Successive Saves of Loans and the Subsequent Inflation?

The International Monetary Fund (IMF) announced its approval of a 46-month cooperation program for Egypt, in an amount of 3 billion US dollars, according to a statement from the IMF on Saturday 12/17/2022. The package of policies included in the program includes measures, including the permanent transition to a flexible exchange rate system and the […]

Compliance with IMF Prescription to Increase Fuel Price is only for the Survival of Hasina’s Corrupt Regime, but Suicidal for our Economy

Amid public suffering due to the price hike of essentials and hampering of industrial production due to the power crisis, the deceitful Hasina government has decided to increase the bulk electricity prices by 19.92% to Tk6.20 kWh from the previous price of Tk5.17 kWh in compliance with the prescription of International Monetary Fund (IMF).

Q&A: US Congress Elections

Question: The Republican Party secured control, with a small majority, over the US House of Representatives which is made up of 435 seats. [“It won at least 218 seats, according to estimates by CBS News, the BBC partner in the United States.” (BBC, November 17, 2022)]. As for the Democrats, they celebrated [“Sunday that the […]

The Rupee’s Peg to the Dollar, Ensures that it Depreciates. In Islam, Currency Based on Gold and Silver Will Save Pakistan and the Muslim World from Dollar Slavery

The PDM government is facing intense public anger due to the severe currency crisis, and the resulting inflationary storm. To calm the public, the government has announced that the Finance Minister, Miftah Ismail, has been replaced by Ishaq Dar, who has been given the task of stabilizing the value of the Rupee. However, this step […]

US Inflation Shock as Americans Keep Paying More for Food with nothing but the Prospect of Unemployment to Look Forward to if the Federal Reserve Policies are Successful

Today, President Joe Biden issued a statement about the rising Consumer Price Index (CPI) in September. He painted disappointing data about the US economy in a surprisingly positive manner: “Today’s data show more progress in bringing global inflation down in the US economy.  Overall, prices have been essentially flat in our country these last two […]

Those who Claimed to Fix the Economy in Return for Bartering Occupied Kashmir Away, Only Lost Us Both Kashmir and the Economy

This is the End Result of Dealing with Evil Colonialism! So is There Still Anyone Who Has Yet to Learn Their Lesson?! The Spokesperson of Pakistan’s Foreign Office has confirmed that General Bajwa has called the US Deputy Secretary of State, Wendy Sherman, requesting the United States puts pressure on the IMF, to release a […]

Kenya: We Salute You on Eid ul-Adha

Hizb ut Tahrir / Kenya would like to extend the warmest greetings on the blessed Eid ul-Adha to the Muslims in Kenya and the whole world in general. We convey our congratulations to the men and women working tirelessly toward reestablishment the second Khilafah (Caliphate) upon the method of Prophethood. We would like also convey […]

Adopting Gold and Silver as the Basis of the Khilafah’s Currency is a Shariah Ruling, Which Will Bring Price Stability and End the Menace of Rampant Inflation

In a positive development, a debate has erupted over Islam’s ruling regarding adopting gold and silver as currency of the Khilafah, as a solution to the high inflation, which the Muslims of Pakistan face today. The debate has spread from those who advocate Islam, in support of gold and silver currency, to include those who […]

The Inflation Crisis is the Fate of Capitalism

Nureddin Nebati, Minister of Treasury and Finance, said, “High increases in international commodity prices, especially food and energy, triggered by the global pandemic and war circumstances, and some disruptions in supply chains play a fundamental role in high inflation rates in our country, as in all other countries in the world.” said. (03.06.2022 Akşam)

Pakistan’s Economy is Crashing!

Pakistan’s economy is crashing due to international trade based on the dollar, debt with interest (riba) and expensive oil and machinery imports. Islam establishes all trade on gold and silver, ending dollar hegemony. Islam abolishes interest (riba), ending the debt trap. Islam obliges substantial domestic heavy industry to ensure independent, powerful armies. The Khilafah will […]

Turkish Statistical Institute Continues Despoiling the Citizen with its Inflation Numbers that Do Not Reflect the Truth

The Turkish Statistical Institute has shared its inflation numbers for April. According to the numbers of the institute, the consumer price index (CPI) increased by 69.97% year-on-year and 7.25% month-on-month. The Inflation Research Group (ENAG), which is composed of academics, announced that the inflation figure for April was more than double the figures of the […]